@Alex Deacon excellent!

Other then that the property is located in the Clear Creek Independent School District -an independent school zone with super excellent ratings which I believe increases the tax bill.As for sale price -  I know for sure that a similar renovated unit has been sold in the complex for $120 just a couple of weeks ago. 

From the brokers perspective some may be leery about the relationship and may suggest that you sever ties all together.

As far investors friendly, I have an excellent understanding on flips, buy and holds, apartment building investing, and using IRA to conduct real estate transactions.

@Scott Smith - Excellent overview.   

Excellent question. 

When working with lead I used proper equipment, HEPA filters with a properly fitted half-face mask, and used excellent hygiene (washing/showering, not eating, not smoking, careful handling and so on) and still became lead poisoned. 

Despite the background I have in the area, it is absolutely crucial to visit the area frequently, make good contacts and build trusting relationships in order to get a good 'team' in place.  

Also make sure you stay focused and become very knowledgeable about the market you want to invest so I would try to narrow down the markets that you will initially be investing in, it will be easier to build a team and spot a deal as well as build relationships if you focus on one or two markets when starting.

Rest assured you are in excellent company here!